Oak Global has launched Oak Enterprise which will target property and specialty classes of retrocession business and provide risk solutions through newly formed Lloyd’s Syndicate 1440. The syndicate has received in principle approval and is due to begin writing business on 1st January 2026. It is targeting gross written premium of approximately £55m in its first year.

Roland Morse will lead the new unit as chief underwriting officer. Polo Managing Agency will manage the syndicate with Bain Capital providing capital support.

Cathal Carr, founder of Oak Global said: “The creation of Oak Enterprise aims to address increasing demand and opportunity across the vertical risk spectrum, enabling us to provide partnership solutions to our clients with retrocession and enterprise risk management needs, supported by our market leading underwriting expertise.

“We are proud to receive in principle approval to launch our second full syndicate at Lloyd’s, introduce Oak Enterprise as a strategic business unit and elevate our group identity to Oak Global.”